Business

November 25, 2024 10:00 PM November 25, 2024 10:00 PM

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Sensex surges 993 points, Nifty50 jumps 315 points

Domestic benchmark equity indices today extended gains to the second consecutive session amid positive domestic cues. The 30-share BSE Sensex surged 993 points, or 1.25 per cent, to close at 80,110, while the NSE Nifty50 jumped 315 points, or 1.32 per cent, to settle at 24,222. The broader market at...

November 25, 2024 9:58 PM November 25, 2024 9:58 PM

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Gold down 1%, silver falls over 1%

In the Indian Bullion Market, 24 Karat Gold was trading one per cent down at 77,280 rupees per 10 grams, while Silver 999 Fine was also trading 1.06 per cent down at 89,730 rupees per kilogram, a short while ago. At the Multi Commodity Exchange, the gold price was trading lower today. The precious m...

November 25, 2024 9:56 PM November 25, 2024 9:56 PM

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Major Asian indices show mixed trends

Major Asian indices displayed mixed trends today. Hong Kong's Hang Seng Index shed 0.41 per cent, Singapore's Straits Times index fell over 0.3 per cent, and China's Shanghai Composite Index lost 0.11 per cent. Meanwhile, South Korea's Kospi rose over 1.3 per cent and Japan's Nikkei gained over 1.2 ...

November 25, 2024 9:54 PM November 25, 2024 9:54 PM

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Oil prices dip as Brent Crude, WTI Crude retreat from last week’s gains

Oil prices edged lower today, retreating from the gains experienced last week. Brent Crude was trading down by 0.1 per cent at 75.03 dollars per barrel, while WTI Crude had declined by 0.3 per cent to 71.02 dollars per barrel, according to the latest reports.

November 25, 2024 5:22 PM November 25, 2024 5:22 PM

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Rupee gains 17 paise to close at 84.28 against US dollar

In the Forex market, the rupee today appreciated 17 paise to settle at 84 rupees and 28 paise against the US dollar, supported by a firm trend in domestic equities. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 106.95 in in...

November 22, 2024 4:42 PM November 22, 2024 4:42 PM

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Market Update: Sensex surges 1,961 pts, Nifty50 jumps 557 pts

Domestic benchmark equity indices today soared over two per cent, fueled by buying across sectors. The 30-share BSE Sensex surged 1,961 points, or 2.54 per cent, to close at 79,117, while the NSE Nifty50 jumped 557 points, or 2.39 per cent, to settle at 23,907. The broader market at the Bombay Stock...

November 21, 2024 8:05 PM November 21, 2024 8:05 PM

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Price stability bedrock for sustained growth: RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the significance of stable inflation as a foundation for sustained economic growth, improved purchasing power, and a favourable environment for investments. Speaking at the High-Level Policy Conference of Central Banks from the Global S...

November 21, 2024 5:29 PM November 21, 2024 5:29 PM

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Govt directs EPFO to ensure UAN activation for employees through Aadhaar-based OTP

The Government has directed the Employees Provident Fund Organisation (EPFO) to ensure the activation of the Universal Account Number (UAN) for employees through Aadhaar-based OTP. The Labour and Employment Ministry has directed EPFO to work in a campaign mode with employers to ensure that the maxim...

November 21, 2024 4:30 PM November 21, 2024 4:30 PM

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Sensex dips 422 pts; Nifty50 falls 169 pts

Domestic benchmark equity indices today ended with losses amid sell-off in specific stocks, persistent foreign fund outflows and weak global cues. The 30-share BSE Sensex dipped 422 points, or 0.54 percent, to close at 77,156, while the NSE Nifty50 fell 169 points, or 0.72 percent, to settle at 23,3...

November 20, 2024 10:31 PM November 20, 2024 10:31 PM

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Moody’s downgrades six Bangladeshi banks following sovereign rating cut

Global rating agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade. The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank, and Premier Bank. Moody's has revised the outlooks on the long...